SPROTT MONEY GOLD PRICE — AUGUST 29, 2017
🏪 Sprott Money — 1 oz Gold Bar Price (CAD)
On August 29, 2017, a 1 oz Gold Bar from Sprott Money was priced at C$1,721.24 per troy ounce in Canadian Dollars. This included the CAD spot price of C$1,643.24 plus a dealer premium of C$78.00 (4.75%). The gold spot price rose by +9.81 (+0.60%) compared to the previous trading day.
PRICE BREAKDOWN — AUGUST 29, 2017
| Component | Price (CAD) |
|---|---|
| Gold Spot Price (XAU/CAD) | C$1,643.24 |
| Sprott Money Premium | +C$78.00 |
| Sprott Money 1 oz Bar Price | C$1,721.24 |
SPOT PRICE OHLC — AUGUST 29, 2017
| Metric | Price (CAD) |
|---|---|
| Open | C$1,650.37 |
| High | C$1,656.63 |
| Low | C$1,643.24 |
| Close | C$1,643.24 |
| Change | ▲ +9.81 (+0.60%) |
COMPARE DEALERS ON AUGUST 29, 2017
| Dealer | 1 oz Bar (CAD) | Premium |
|---|---|---|
| Kitco | C$1,708.24 | C$65.00 |
| Sprott Money ✓ | C$1,721.24 | C$78.00 |
| SilverGoldBull | C$1,698.24 | C$55.00 |
| TD Precious Metals | C$1,738.24 | C$95.00 |
| Royal Canadian Mint | C$1,753.24 | C$110.00 |
| Border Gold | C$1,713.24 | C$70.00 |
ABOUT SPROTT MONEY
Sprott Money Ltd., a subsidiary of Sprott Inc. (TSX: SII), is a leading Canadian precious metals dealer based in Toronto. Visit the Sprott Money dealer page for current live prices. See the gold spot price on August 29, 2017 for the full market overview.
📊 Market Analysis — August 29, 2017
❓ Frequently Asked Questions
❓ Can I sell gold back to dealers?
Yes, most Canadian dealers offer buyback programs. Kitco, Sprott Money, and SilverGoldBull all purchase gold from customers at competitive bid prices, typically 1–3% below spot price depending on product type and market conditions.
❓ What affects Canadian dealer premiums?
Premiums above spot price vary based on product type, weight, payment method, and market conditions. Bank wire transfers typically earn 1–2% lower premiums than credit card purchases. Larger orders (10+ oz) may qualify for volume discounts from most Canadian dealers.
❓ Is shipping gold safe in Canada?
Major dealers ship via insured courier (Canada Post Xpresspost, Purolator) with full insurance coverage. All packages are discreetly labelled with no indication of contents. Free shipping thresholds typically range from C$200–C$500 depending on the dealer.
💡 Canadian Gold Investor Guide
Storage Considerations: Home safe (for holdings under C$50,000), bank safe deposit box (limited insurance), or allocated vault storage through dealers like Kitco or Sprott Money (institutional security, insured). Each option involves different cost, convenience, and risk trade-offs.
Dollar-Cost Averaging (DCA): Buy a fixed CAD amount of gold each month — say C$500. This strategy reduces the impact of short-term volatility and removes the stress of timing the market. Over 10+ years, DCA has historically produced returns close to the annual average gold price.
⚖️ Unit Conversions (CAD)
| Unit | Price (CAD) |
|---|---|
| Per Troy Ounce (31.1g) | C$1,721.24 |
| Per Gram | C$55.34 |
| Per Kilogram | C$55,339.07 |
| Per Pennyweight (1.555g) | C$86.06 |
| Per Tola (11.66g) | C$645.47 |
📚 Learn more: How to Buy Gold in Canada · Gold Tax Guide · 25 Year Price Analysis · All Guides